Bitcoin and Ethereum ETFs Continues Outflows While Solana and XRP Record Largest Inflow

Core Insights - Bitcoin and Ethereum exchange-traded funds (ETFs) are experiencing significant outflows, while Solana and XRP ETFs are seeing substantial inflows, indicating a shift in investor sentiment [1][4]. Group 1: Outflows and Inflows - Crypto investment products recorded outflows of $446 million last week, totaling $3.2 billion in outflows since the price decline on October 10 [2][3]. - Bitcoin investment products accounted for the majority of outflows, shedding $443 million, while Ethereum products saw $59.5 million in outflows [3]. - In contrast, Solana ETFs attracted over $7.5 million, and XRP ETFs recorded $79 million in net inflows, marking their strongest weekly inflows since launch [3][4]. Group 2: Investor Sentiment - The divergence in flows suggests that investor confidence is becoming selective, with capital moving towards XRP and Solana despite ongoing outflows from Bitcoin and Ethereum products [4]. - Investors remain cautious about the value of BTC and ETH as they approach the end of the year, with BTC's price reclaiming $90,000 and ETH climbing above $3,000, but failing to maintain bullish momentum [5][6]. Group 3: Market Dynamics - The United States continues to be the primary hub for crypto investment flows, driven by the launch of major ETF products, while Germany shows opportunistic buying during market dips [8].